Bank warranty definition

Warranty synonyms, warranty pronunciation, warranty translation, English dictionary definition of warranty. A type of guarantee in which a bank or other lending organization promises to repay the liabilities of a debtor in the event that the debtor is unable to. Authorization assurance of quality: I got a one-year warranty on the machine.

It is only used as a noun. A warranty is usually a written guarantee for a product, and it holds the maker of the product responsible to repair or replace a defective product or its parts. A warranty bond is a legal document that guarantees to the project owner that the contractor who did the work will come back and fix defective work or material should an issue arise during the warranty period specified in the contract.

How to use warranty in a sentence. The bank guarantee means a lending institution ensures that the liabilities of a debtor will be met.

This is a surety that is provided by a bank or a financial institution that they will pay off the debts and liabilities incurred by an individual or a business entity in case they are unable to do so. Warranty - definition of warranty by The Free Dictionary Define warranty. In other words, if the debtor fails to settle a. Bank Guarantee Definition - Investopedia May 0 20A bank guarantee is a type of guarantee from a lending institution.

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Warranty Definition of Warranty by Merriam-Webster Warranty definition is - a real covenant binding the grantor of an estate and the grantoraposs heirs to warrant and defend the title. A bank guarantee is a promise from a lending institution that ensures that if a debtor canapost cover a debt, the bank will step up. (Offer Code: MKT600) Taxes related to TD Ameritrade offers are your responsibility. An extension of time is issued (and rejected or approved) when the construction period needs to be extended because of a delay that is not the contractoraposs fault - such as adverse weather, civil commotion or a delay in gaining possession of site.

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What is Bank Guarantee? definition and meaning

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